randstad workmonitor insights: q3 2019.

randstad workmonitor insights: q3 2019.

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Randstad’s global Workmonitor Mobility Index tracks employee confidence and captures the likelihood of an employee changing jobs within the next six months. Employee satisfaction and other sentiments are also monitored to provide a more complete picture of current trends in the job market. Here’s a quick look at some of the latest findings. 

what we learned this quarter

appetite for job change remains low

4 percent chart

only 4% of workers said they were actively looking for a job.

38 percent chart

38% said they were not looking for new opportunities, a figure that was down slightly from Q1 (44%).

overall, workers remain satisfied with their jobs

There was a slight, two-percent decrease in worker satisfaction from last quarter, but a solid majority of employees (76%) still reported being satisfied with their jobs. 

76 percent chart
of employees are satisfied with their jobs.

americans are in favor of diverse workplaces

This quarter's survey results sketched an image of an American workforce in harmony. In addition to a majority of employees being satisfied with their jobs, 81 percent said they like working with people from other cultures, with an additional 71 percent saying they believe it's good that their employers hire foreign employees, provided the role can't be filled by workers from the domestic talent pool. 

81 percent chart
of employees surveyed said they enjoy working with people from other cultures.

wanderlust sweeps the workforce

Despite the fact that the U.S. topped the list of countries where workers from other nations would most like to work, Americans themselves expressed openness to emigrating under the right circumstances. 

  • 66 percent said they would move abroad for a higher salary.

  • 64 percent would emigrate if it meant improving their work-life balance.

  • 58 percent would pack their bags if it meant a more meaningful career was waiting for them abroad.

  • 51 percent would emigrate if it meant holding on to their current job. 

employer takeaways

  • Breathe a sigh of relief: Workers are largely satisfied, and only four percent are looking for new jobs. Continue to keep a close eye on your employee engagement levels to prevent unnecessary turnover. 

  • Improve diversity in your workforce. In addition to imbuing your business with the new thoughts, ideas and perspectives it needs in order to grow, our survey seems to indicate it could even help boost workforce morale, as 81 percent of respondents said they enjoy working with people from other cultures.

  • The top reasons that workers were willing to relocate abroad came down to greater pay, better work-life balance and more meaningful work. To avoid losing workers over to the rest of the world, keep your pay rates competitive, and offer better benefits and perks, like flexible scheduling and remote work options, to address those concerns. 

For more insights, download the full Q3 report here.

If you're struggling with problems like employee engagement, retention and workforce diversity, see all the ways that Randstad can help

 

survey methodology

The Randstad Workmonitor was launched in the Netherlands in 2003, and covers 34 countries around the world. The study encompasses Europe, Asia Pacific and the Americas. The Randstad Workmonitor is published four times a year, making both local and global trends in mobility visible over time. The Workmonitor’s Mobility Index, which tracks employee confidence and captures the likelihood of an employee changing jobs within the next six months, provides a comprehensive understanding of sentiments and trends in the job market. Besides mobility, the survey addresses employee satisfaction and personal motivation as well as a rotating set of themed questions. The study is conducted online among employees aged 18-65, working a minimum of 24 hours a week in a paid job (not self-employed). The minimum sample size is 400 interviews per country. The third survey of 2019 was conducted from July 18 through August 5, 2019.

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